RIM shares up as CEO says tablet to cost below 500 dollars

Nov 10, 2010
The BlackBerry PlayBook is pictured in September 2010. Shares in Research In Motion surged on Wall Street on Wednesday after the chief executive of the company behind the BlackBerry said its upcoming tablet computer would cost below 500 dollars.

Shares in Research In Motion surged on Wall Street on Wednesday after the chief executive of the company behind the BlackBerry said its upcoming tablet computer would cost below 500 dollars.

RIM shares were up 7.53 percent at 59.14 dollars in afternoon trading.

RIM co-chief executive Jim Balsillie said the Canadian firm's touchscreen , the "PlayBook," will be introduced in North America in the first quarter of 2011 with a global launch in the second quarter of the year.

"There's a lot of demand and we are seeing a lot of interest from international retailers," Balsillie told The Wall Street Journal on the sidelines of the Group of 20 summit in Seoul.

RIM unveiled the Playbook in San Francisco in September as it seeks to compete with Apple's popular and Samsung's recently launched Galaxy Tab.

The PlayBook has a seven-inch (17.8-centimeter) display, smaller than the 9.7 inches of Apple's iPad, and plays Adobe Flash video software, which is banned from the Apple device.

The cheapest iPad costs 499 dollars while the top model is priced at 829 dollars.

Explore further: A smart wristband for nocturnal cyclists

add to favorites email to friend print save as pdf

Related Stories

Dell to roll out second tablet computer

Sep 22, 2010

Dell chief executive Michael Dell on Wednesday said the firm will release a second tablet computer to compete in a hot market dominated by Apple's iPad.

Recommended for you

A smart wristband for nocturnal cyclists

Jul 29, 2014

Five EPFL PhD students have developed a wristband that flashes when the rider reaches out to indicate a turn. Their invention was recognized at a European competition.

Lenovo's smart glasses prototype has battery at neck

Jul 28, 2014

China's PC giant Lenovo last week offered a peek at its Google Glass-competing smart glass prototype, further details of which are to be announced in October. Lenovo's glasses prototype is not an extreme ...

Sapphire talk enlivens guesswork over iPhone 6

Jul 27, 2014

Sapphire screens for the next iPhone? Sapphire is second only to diamond in hardness scratch-proof properties, used in making LEDs, missiles sensors, and on screens for luxury-tier phones. Last year, the ...

Startup offers elderly an Internet key to family links

Jul 27, 2014

Two grandmothers mystified by computer tablets have inspired a French-Romanian startup to develop an application and service to help the elderly stay in touch with their relatives through the Internet.

User comments : 4

Adjust slider to filter visible comments by rank

Display comments: newest first

not rated yet Nov 10, 2010
Smaller than the iPad ?? I want one twice the size !!
not rated yet Nov 11, 2010
I want 2 sizes, personally. Something big that I can use when I need to look at something giant (like that neato looking touchscreen coffeetable that Microsoft prototyped. That was awesome looking, although incredibly expensive), and a small device like this that I can easily hold without straining my arm.

iPads are too small to fill the roll of the big device that I want, but too heavy to fill the roll of the small device. I've only held one once (briefly), but I could immediately tell that it was too heavy to comfortably hold in a single position for an extended period of time.

(And, not coincidentally, that's what the guy (a stranger on a plane) said to me right after I thought it. He then handed me his kindle and said something to the effect of "this is easier on the hands". And he had a nice laptop, and an expensive phone. I was thinking to myself "... why are you sitting in coach, buddy?")
not rated yet Nov 11, 2010
More to the point, how many sherpas did he have lugging his stuff around? It's very difficult at the price of computers and the size of USB disks these days to justify carrying a laptop from office to office (unless you make your living selling text very cheaply by the word to the point where you need to be typing while on an airplane or train). A machine which combined my Sony PR505 book reader with my blackberry is perfect. Hey Rim!
not rated yet Nov 11, 2010
BTW, RIM, don't forget the little slide-out thumbpad / keypad, something the size of my Samsung phone's keypad. Or better yet, a Bluetooth link that could allow the machine to "take over" my phone's keypad when i needed it. Yeah! With that, I could annotate my books, make notes at meetings, making all the other competitors obsolete.